Micron Only Forum Message Board

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Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

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To: TREND1 who wrote (27762)	2/4/1998 12:17:00 PM
From: Mike M2	Read Replies (1) of 53903

Larry, the FA work done by Earlie and Skeeter is sound in my opinion. The trouble is Micron is a trading sardine which does not always reflect the fundamental outlook. Another problem is we have a gullible public who thinks Wall St exists to make them money when they issue buy & sell recommendations. In my opinion, Micron will have a very difficult year and the stock will get hammered. I expect the loss in the current Q to be greater than the current estimates-I don't have a precise forecast it's just seems logical that if MU was marginally profitable last Q then this Q will be bad due to the substantial decline in ASP's in this current Q. CNBS always does a disclaimer when a short promulgates his view but I rarely hear the same disclaimer when a long ( especially Wall St analyst) promulgates his view or that a firm serves as an investment banker to the company under discussion. Remember certain analysts were considered to be gurus when they forecast MU would earn $10 to $17 per share in 1997. Larry and you other TA traders I respect and admire your ability to trade this sardine . Mike

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